Riot buys $291M in BTC rigs 💰, Brazil bank's BTC trading launch 🇧🇷, El Salvador's BTC profit 🇸🇻
📌 Daily Crypto, Blockchain & Web3 Update 2023-12-05
CRYPTOCURRENCY
Riot Platforms buys $291M in BTC rigs as miners rake it in from Ordinals (5 min read)
It adds to a prior agreement in which Riot bought 33,280 miners from MicroBT. The term sheet was also updated, allowing Riot to buy another 265,000 miners in the future.
‘Fire in the cauldron’ as Coinbase, Marathon surge over 300% in 2023 (4 min read)
The anticipated Bitcoin halving and potential ETF approvals have lit “some serious fire in the cauldron” for crypto, said Zerocap investment chief Jon de Wet.
Bitcoin the ‘main beneficiary’ as crypto funds notch 10-week streak (3 min read)
Nearly $1.8 billion flowed into crypto investment products over the last 10 weeks, which hasn’t been seen since Bitcoin futures were launched in October 2021.
Brazil’s largest bank Itaú Unibanco launches Bitcoin trading — Report (1 min read)
Brazilian bank Itaú Unibanco has reportedly launched a cryptocurrency trading service for its clients as part of its investment platform.
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El Salvador’s Bitcoin portfolio swings to profit (2 min read)
According to a Dec. 4 post by Salvadoran President Nayib Bukele, the country’s cumulative Bitcoin investments currently amount to $131 million with a net profit of $3.6 million, for a total gain of 2.84%.
Bybit sees BTC, ETH ‘flight’ of institutional investors to stablecoins, but not for long (2 min read)
Cryptocurrency exchange Bybit has released its latest quarterly report, revealing the trading and holding trends of its institutional traders heavy in positive Bitcoin sentiment.
Trezor launches education initiative in Africa, funds Bitcoineta trip (3 min read)
Trezor has officially launched its educational program in Africa in addition to funding Bitcoineta, a West African Bitcoin awareness campaign, and the Africa Bitcoin Conference.
ParaSpace to continue NFT lending as it rebrands to Parallel Finance (3 min read)
The protocol will expand to liquid staking and layer-2 solutions while retaining its NFT lending services.
Envision partners with HBAR and UN on new digitization platform for carbon markets (3 min read)
Envision Blockchain and the HBAR Foundation have teamed up with the UN to create a new suite of decentralized tech to streamline the complex carbon markets.
Web3 firm detects major security flaw in common smart contracts (3 min read)
A security vulnerability potentially affecting hundreds of smart contracts that were pre-built using a commonly used open-source library has been reported by Web3 firm Thirdweb.
Cosmos-based networks Umee and Osmosis to merge, creating ‘DeFi Hub’ (2 min read)
Through a software upgrade, Umee UX Chain code will be implemented on Osmosis, combining the two networks.